Further Advances & Product Transfers
We've enhanced our online system allowing you to apply for Further Advances and Product Transfers for your existing Halifax clients.
What is a Halifax Product Transfer?
This is when clients transfer their current Halifax mortgage to a different Halifax mortgage product before or after their current mortgage deal comes to an end.
What is a Halifax Further Advance?
This is where your client can borrow more money against the value of their home. The additional borrowing is secured against their existing Halifax mortgage.
There is a set Arrangement Fee for Further Advances which is currently £349. This fee is payable on all occassions.
Why offer your client a Halifax Further Advance or a Product Transfer?
- Quick and easy process - 12 times quicker than remortgaging.*
- A tried and tested online system you are already familiar with.
- Opportunity to review all your client's finances including their General Insurance requirements.
- Complete control of the process from start to finish.
- Access to client data through Halifax Intermediaries Online to assist in providing the best advice.
- Also available on accounts with Ported Products.
- Earn your normal procuration fee.
- Products can be secured for days.
Use our affordability calculator to see how much your client can borrow.
To view details of our Further Advance and Product Transfer products, click here to access the product search tool.
* Based on the average time taken to key a Product Transfer versus a Remortgage application.
